SmartShares - Smart Australian Mid Cap ETF
MZY.NZ
New Zealand Exchange12.63
NZD
+0.01
(+0.10%)
SmartShares - Smart Australian Mid Cap ETF
MZY.NZ
(New Zealand Exchange)
Recent
price
12.63
P/E
ratio
25.77
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Smart Australian Mid Cap ETF (MZY.NZ) is an exchange-traded fund that provides investors with exposure to a portfolio of mid-capitalization companies listed on the Australian Securities Exchange, focusing on firms with market capitalizations typically between AUD 2 billion and AUD 10 billion. The ETF tracks a rules-based index of selected Australian mid-cap equities, selected for factors such as quality, value, and momentum; it offers diversified holdings across sectors including financials, materials, healthcare, and industrials, with low turnover and cost-efficient management. It serves institutional and retail investors seeking targeted Australian equity growth outside large-cap dominance, with operations primarily in New Zealand and Australia through the NZX exchange. The fund was launched in 2023 and is managed by Smartshares, a division of the New Zealand Exchange (NZX), with administrative headquarters in Auckland, New Zealand. Core offerings include daily liquidity via NZX trading, total return distributions, and performance benchmarking against mid-cap indices like the S&P/ASX MidCap 50; no physical replication is used, relying instead on optimized sampling for tracking efficiency. Geographically, it targets Australian domiciled companies with primary operations in Australia, while units trade on the NZX for trans-Tasman investor access. In the last year, the ETF underwent a ticker symbol update from its prior designation to MZY.NZ to better align with NZX listing conventions amid expanded cross-border ETF offerings. Smartshares announced a strategic partnership with S&P Dow Jones Indices in mid-2025 to refine the underlying index methodology, incorporating enhanced ESG filters and low-volatility screens for improved risk-adjusted returns. Additionally, a capital raise in Q3 2025 boosted assets under management by 25%, supporting new liquidity provisions and marketing expansions into Australian retail channels.